UK and International Tax news

Update On Statutory Definition Of Tax Residence

Friday 29th June 2012

HMT has recently published a Summary of Responses to the Statutory Definition of Tax Residence consultation of June 2011 [see our UK Tax News item of 21 June 2011] along with draft legislation and has invited all interested parties to respond fully and work with the Government to ensure that the draft legislation meets its objectives. The Government now intends to introduce the statutory definition of tax residence and reforms to ordinary residence in FB 2013, one year later than originally planned.

This consultation only covers the issue of tax residence in the UK for individuals and not the residence of companies.